------------------------------------------------------------------------------------------------------
       log:  C:\Vera\TP\Tax_evol\ISQ\replication_Pluemperetal_ISQ.log
  log type:  text
 opened on:  25 Jul 2008, 16:40:13

. 
. *Table 4*
. 
. *Table 4: Model 1a*
. 
. ivreg2 tcap_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi sl_t
> rade_fdi  sl_poptotal_fdi) igini_psi abs_red l3.idebt_pergdp   _x_*, bw(2) kernel(bartlett)
Warning - collinearities detected
Vars dropped:  _x_11 _x_16

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      642
                                                      F( 24,   617) =    41.72
                                                      Prob > F      =   0.0000
Total (centered) SS     =  87020.26587                Centered R2   =   0.7378
Total (uncentered) SS   =  579250.8315                Uncentered R2 =   0.9606
Residual SS             =  22819.45751                Root MSE      =    5.962

------------------------------------------------------------------------------
 tcap_dhvt23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |   .0136118   .0041054     3.32   0.001     .0055653    .0216583
   igini_psi |  -93.01123   14.98713    -6.21   0.000    -122.3855   -63.63699
     abs_red |   27.89207   9.465773     2.95   0.003     9.339495    46.44464
idebt_pergdp |
         L3. |   .1267586   .0228666     5.54   0.000     .0819408    .1715764
        _x_1 |  -28.67634   2.269899   -12.63   0.000    -33.12526   -24.22742
        _x_2 |  -4.273037   2.949876    -1.45   0.147    -10.05469    1.508614
        _x_3 |   1.093312   2.091809     0.52   0.601    -3.006558    5.193181
        _x_5 |  -21.01888   2.402183    -8.75   0.000    -25.72708   -16.31069
        _x_6 |  -26.39275    2.14583   -12.30   0.000     -30.5985     -22.187
        _x_7 |  -6.741969   2.051772    -3.29   0.001    -10.76337    -2.72057
        _x_8 |  -11.91815   1.951391    -6.11   0.000    -15.74281   -8.093496
        _x_9 |  -25.53606   2.993278    -8.53   0.000    -31.40278   -19.66934
       _x_12 |  -32.47555   2.775707   -11.70   0.000    -37.91583   -27.03526
       _x_13 |   -29.2688    2.59435   -11.28   0.000    -34.35363   -24.18397
       _x_14 |  -9.839214   2.495808    -3.94   0.000    -14.73091   -4.947521
       _x_18 |  -15.53748   2.131704    -7.29   0.000    -19.71555   -11.35942
       _x_19 |   -17.4089   2.122868    -8.20   0.000    -21.56965   -13.24816
       _x_20 |  -13.96028   2.213622    -6.31   0.000     -18.2989   -9.621665
       _x_22 |  -24.84902   2.414685   -10.29   0.000    -29.58172   -20.11633
       _x_24 |  -20.73261   2.054225   -10.09   0.000    -24.75882    -16.7064
       _x_25 |  -17.18576   2.313323    -7.43   0.000    -21.71979   -12.65173
       _x_26 |  -17.96128   2.252677    -7.97   0.000    -22.37645   -13.54612
       _x_28 |    3.05347   2.089956     1.46   0.144     -1.04277    7.149709
       _x_29 |   .9929486   2.065896     0.48   0.631    -3.056134    5.042031
       _cons |   71.31087   5.822856    12.25   0.000     59.89828    82.72346
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):3621.222
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):           8.910
                                                   Chi-sq(5) P-val =    0.1127
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: igini_psi abs_red L3.idebt_pergdp _x_1 _x_2 _x_3 _x_5 _x_6
                      _x_7 _x_8 _x_9 _x_12 _x_13 _x_14 _x_18 _x_19 _x_20 _x_22
                      _x_24 _x_25 _x_26 _x_28 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_11 _x_16
------------------------------------------------------------------------------

. 
. 
. *Table 4: Model 1b*
. 
. ivreg2 tcap_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi sl_t
> rade_fdi  sl_poptotal_fdi) igini_psi abs_red l3.idebt_pergdp pop65 l.unemp_wdi l.gdp_growth l.trade_
> pergdp log_poptotal mquinn_cap lngdppc optlagleft optlagcdem  _x_*, bw(2) kernel(bartlett)
Warning - collinearities detected
Vars dropped:  _x_11 _x_16 _x_28

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      598
                                                      F( 32,   565) =    29.68
                                                      Prob > F      =   0.0000
Total (centered) SS     =  74245.25914                Centered R2   =   0.7452
Total (uncentered) SS   =  506644.3716                Uncentered R2 =   0.9627
Residual SS             =  18917.80691                Root MSE      =    5.625

------------------------------------------------------------------------------
 tcap_dhvt23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |   .0146173   .0043507     3.36   0.001       .00609    .0231445
   igini_psi |  -64.01547   15.61878    -4.10   0.000    -94.62772   -33.40322
     abs_red |   18.77918    9.42627     1.99   0.046     .3040348    37.25433
idebt_pergdp |
         L3. |   .0742628   .0407937     1.82   0.069    -.0056915    .1542171
       pop65 |    1.41105     .43191     3.27   0.001     .5645216    2.257578
   unemp_wdi |
         L1. |  -.1745299   .1484726    -1.18   0.240    -.4655308     .116471
  gdp_growth |
         L1. |   .3686692   .1350989     2.73   0.006     .1038801    .6334582
trade_pergdp |
         L1. |  -.0449745   .0444571    -1.01   0.312    -.1321089    .0421598
log_poptotal |  -14.89214   8.336171    -1.79   0.074    -31.23074    1.446453
  mquinn_cap |   .0181529   2.149617     0.01   0.993    -4.195019    4.231324
     lngdppc |  -1.950158   5.009188    -0.39   0.697    -11.76799    7.867669
  optlagleft |   .0276692   .0101551     2.72   0.006     .0077656    .0475728
  optlagcdem |   .0004366   .0212527     0.02   0.984    -.0412179    .0420912
        _x_1 |  -41.94948   7.225531    -5.81   0.000    -56.11126    -27.7877
        _x_2 |  -7.329735   7.711466    -0.95   0.342    -22.44393     7.78446
        _x_3 |   13.48544   4.882991     2.76   0.006     3.914957    23.05593
        _x_5 |    -37.929   10.19218    -3.72   0.000    -57.90531   -17.95269
        _x_6 |  -43.98297    10.2561    -4.29   0.000    -64.08456   -23.88138
        _x_7 |   8.229952   10.52377     0.78   0.434    -12.39627    28.85617
        _x_8 |    7.09342   13.47464     0.53   0.599    -19.31638    33.50322
        _x_9 |  -33.09953   6.382484    -5.19   0.000    -45.60897   -20.59009
       _x_12 |  -47.61991   14.27945    -3.33   0.001    -75.60713    -19.6327
       _x_13 |  -10.66635   10.94744    -0.97   0.330    -32.12293    10.79023
       _x_14 |   22.39221   17.78902     1.26   0.208    -12.47363    57.25806
       _x_18 |  -13.42053   4.194948    -3.20   0.001    -21.64248   -5.198585
       _x_19 |  -38.17416   13.58932    -2.81   0.005    -64.80874   -11.53959
       _x_20 |  -37.07106    11.8296    -3.13   0.002    -60.25664   -13.88548
       _x_22 |  -32.58376   7.001495    -4.65   0.000    -46.30644   -18.86108
       _x_24 |  -9.172788   7.745621    -1.18   0.236    -24.35393     6.00835
       _x_25 |  -31.32197   6.460006    -4.85   0.000    -43.98335   -18.66059
       _x_26 |    -31.638   8.261989    -3.83   0.000     -47.8312    -15.4448
       _x_29 |   42.83204   23.26518     1.84   0.066    -2.766885    88.43096
       _cons |   311.5462   145.0454     2.15   0.032     27.26236      595.83
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):3709.937
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):           6.618
                                                   Chi-sq(5) P-val =    0.2506
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: igini_psi abs_red L3.idebt_pergdp pop65 L.unemp_wdi
                      L.gdp_growth L.trade_pergdp log_poptotal mquinn_cap
                      lngdppc optlagleft optlagcdem _x_1 _x_2 _x_3 _x_5 _x_6
                      _x_7 _x_8 _x_9 _x_12 _x_13 _x_14 _x_18 _x_19 _x_20 _x_22
                      _x_24 _x_25 _x_26 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_11 _x_16 _x_28
------------------------------------------------------------------------------

. 
. 
. *Table 4: Model 2a*
. 
. ivreg2 tlab_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi sl_t
> rade_fdi  sl_poptotal_fdi) igini_psi abs_red l3.idebt_pergdp   _x_*, bw(2) kernel(bartlett)
Warning - collinearities detected
Vars dropped:  _x_11 _x_16

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      641
                                                      F( 24,   616) =    77.74
                                                      Prob > F      =   0.0000
Total (centered) SS     =  62587.51161                Centered R2   =   0.8433
Total (uncentered) SS   =  924390.4523                Uncentered R2 =   0.9894
Residual SS             =  9809.734118                Root MSE      =    3.912

------------------------------------------------------------------------------
 tlab_dhvt23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |    .002995   .0027142     1.10   0.270    -.0023247    .0083148
   igini_psi |   30.28517   9.891009     3.06   0.002     10.89915    49.67119
     abs_red |  -6.604925   6.232692    -1.06   0.289    -18.82078    5.610927
idebt_pergdp |
         L3. |   .1755664   .0151328    11.60   0.000     .1459066    .2052263
        _x_1 |    9.54953   1.503197     6.35   0.000     6.603319    12.49574
        _x_2 |    2.93419   1.953158     1.50   0.133    -.8939288    6.762309
        _x_3 |   .9879472   1.385899     0.71   0.476    -1.728364    3.704259
        _x_5 |   12.00222   1.590915     7.54   0.000     8.884089    15.12036
        _x_6 |   17.57307   1.421098    12.37   0.000     14.78777    20.35837
        _x_7 |   11.23291   1.359585     8.26   0.000     8.568176    13.89765
        _x_8 |   12.03717   1.292986     9.31   0.000     9.502962    14.57137
        _x_9 |  -2.276632   1.981478    -1.15   0.251    -6.160258    1.606993
       _x_12 |   -9.13993   1.837667    -4.97   0.000    -12.74169   -5.538168
       _x_13 |   2.565776   1.717914     1.49   0.135     -.801274    5.932825
       _x_14 |  -7.373623   1.652749    -4.46   0.000    -10.61295   -4.134295
       _x_18 |   9.354379   1.411913     6.63   0.000      6.58708    12.12168
       _x_19 |   7.345451   1.406319     5.22   0.000     4.589116    10.10179
       _x_20 |   14.47301   1.466388     9.87   0.000     11.59894    17.34707
       _x_22 |  -11.91344   1.613565    -7.38   0.000    -15.07597   -8.750911
       _x_24 |   3.890485   1.361051     2.86   0.004     1.222874    6.558095
       _x_25 |   21.07187   1.531467    13.76   0.000     18.07025    24.07349
       _x_26 |  -.4253783   1.492579    -0.28   0.776    -3.350779    2.500023
       _x_28 |  -3.165513   1.384784    -2.29   0.022    -5.879641   -.4513858
       _x_29 |  -4.955071     1.3688    -3.62   0.000    -7.637871   -2.272272
       _cons |   12.57397   3.845276     3.27   0.001     5.037365    20.11057
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):3615.657
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):           9.174
                                                   Chi-sq(5) P-val =    0.1023
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: igini_psi abs_red L3.idebt_pergdp _x_1 _x_2 _x_3 _x_5 _x_6
                      _x_7 _x_8 _x_9 _x_12 _x_13 _x_14 _x_18 _x_19 _x_20 _x_22
                      _x_24 _x_25 _x_26 _x_28 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_11 _x_16
------------------------------------------------------------------------------

. 
. 
. *Table 4: Model 2b*
. 
. ivreg2 tlab_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi sl_t
> rade_fdi  sl_poptotal_fdi) igini_psi abs_red l3.idebt_pergdp pop65 l.unemp_wdi l.gdp_growth l.trade_
> pergdp log_poptotal mquinn_cap lngdppc optlagleft optlagcdem  _x_*, bw(2) kernel(bartlett)
Warning - collinearities detected
Vars dropped:  _x_11 _x_16 _x_28

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      597
                                                      F( 32,   564) =    74.04
                                                      Prob > F      =   0.0000
Total (centered) SS     =  58964.46647                Centered R2   =   0.8796
Total (uncentered) SS   =  887200.2692                Uncentered R2 =   0.9920
Residual SS             =    7097.5665                Root MSE      =    3.448

------------------------------------------------------------------------------
 tlab_dhvt23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |  -.0026435   .0026653    -0.99   0.321    -.0078675    .0025804
   igini_psi |   17.17478   9.578456     1.79   0.073    -1.598651    35.94821
     abs_red |  -.4644537   5.776964    -0.08   0.936     -11.7871    10.85819
idebt_pergdp |
         L3. |   .0705789   .0250373     2.82   0.005     .0215068    .1196511
       pop65 |   .3658835   .2658371     1.38   0.169    -.1551477    .8869146
   unemp_wdi |
         L1. |   .4832139   .0908937     5.32   0.000     .3050655    .6613622
  gdp_growth |
         L1. |  -.2587209   .0828055    -3.12   0.002    -.4210167   -.0964252
trade_pergdp |
         L1. |   .0234226   .0272347     0.86   0.390    -.0299564    .0768016
log_poptotal |  -19.08626   5.102909    -3.74   0.000    -29.08778   -9.084739
  mquinn_cap |   .3826225   1.316287     0.29   0.771    -2.197253    2.962498
     lngdppc |   12.33352   3.069346     4.02   0.000     6.317709    18.34932
  optlagleft |   .0010132   .0062194     0.16   0.871    -.0111766     .013203
  optlagcdem |   .0065456   .0130174     0.50   0.615     -.018968    .0320593
        _x_1 |  -3.097551   4.423164    -0.70   0.484    -11.76679     5.57169
        _x_2 |  -3.624884   4.722428    -0.77   0.443    -12.88067    5.630905
        _x_3 |   10.72515   2.989521     3.59   0.000     4.865801    16.58451
        _x_5 |  -12.17984   6.239003    -1.95   0.051    -24.40806    .0483804
        _x_6 |  -6.907879   6.278041    -1.10   0.271    -19.21261    5.396855
        _x_7 |   32.98742   6.442614     5.12   0.000     20.36013    45.61472
        _x_8 |   39.27607   8.250137     4.76   0.000      23.1061    55.44604
        _x_9 |   3.122712   3.909885     0.80   0.424    -4.540521    10.78595
       _x_12 |   -31.5093   8.745765    -3.60   0.000    -48.65069   -14.36792
       _x_13 |   31.93893   6.701404     4.77   0.000     18.80442    45.07344
       _x_14 |   29.18933   10.89017     2.68   0.007     7.844997    50.53367
       _x_18 |   7.749363   2.569234     3.02   0.003     2.713756    12.78497
       _x_19 |  -16.33931   8.319643    -1.96   0.050    -32.64551   -.0331063
       _x_20 |  -17.99235   7.242313    -2.48   0.013    -32.18702   -3.797677
       _x_22 |  -9.383958   4.299137    -2.18   0.029    -17.81011    -.957804
       _x_24 |   21.03253   4.741379     4.44   0.000      11.7396    30.32547
       _x_25 |   7.482511   3.955488     1.89   0.059    -.2701025    15.23513
       _x_26 |  -24.80309   5.059195    -4.90   0.000    -34.71893   -14.88725
       _x_29 |    44.5574   14.24193     3.13   0.002     16.64374    72.47106
       _cons |   207.1918   88.80272     2.33   0.020     33.14163    381.2419
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):3703.561
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):          23.215
                                                   Chi-sq(5) P-val =    0.0003
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: igini_psi abs_red L3.idebt_pergdp pop65 L.unemp_wdi
                      L.gdp_growth L.trade_pergdp log_poptotal mquinn_cap
                      lngdppc optlagleft optlagcdem _x_1 _x_2 _x_3 _x_5 _x_6
                      _x_7 _x_8 _x_9 _x_12 _x_13 _x_14 _x_18 _x_19 _x_20 _x_22
                      _x_24 _x_25 _x_26 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_11 _x_16 _x_28
------------------------------------------------------------------------------

. 
. 
. *Table 4: Model 3a*
. 
. ivreg2 tlabcap_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi s
> l_trade_fdi  sl_poptotal_fdi) igini_psi abs_red l3.idebt_pergdp   _x_*, bw(2) kernel(bartlett)
Warning - collinearities detected
Vars dropped:  _x_11 _x_16

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      623
                                                      F( 24,   598) =    43.21
                                                      Prob > F      =   0.0000
Total (centered) SS     =  458.1514991                Centered R2   =   0.7423
Total (uncentered) SS   =  2094.269537                Uncentered R2 =   0.9436
Residual SS             =  118.0527784                Root MSE      =    .4353

------------------------------------------------------------------------------
tlabcap_d~23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |  -.0006718   .0002952    -2.28   0.023    -.0012504   -.0000931
   igini_psi |   7.392569   1.092578     6.77   0.000     5.251156    9.533982
     abs_red |  -1.968235   .6928383    -2.84   0.004    -3.326173   -.6102968
idebt_pergdp |
         L3. |  -.0064808   .0016668    -3.89   0.000    -.0097476    -.003214
        _x_1 |   2.449078   .1629838    15.03   0.000     2.129636    2.768521
        _x_2 |   .8781051   .2132075     4.12   0.000     .4602262    1.295984
        _x_3 |   .3598173   .1498923     2.40   0.016     .0660337    .6536008
        _x_5 |   1.760007   .1727352    10.19   0.000     1.421452    2.098562
        _x_6 |   2.705758    .156641    17.27   0.000     2.398747    3.012769
        _x_7 |   .6511028   .1468669     4.43   0.000      .363249    .9389567
        _x_8 |    1.08757   .1446046     7.52   0.000     .8041502     1.37099
        _x_9 |   1.929733   .2174691     8.87   0.000     1.503501    2.355964
       _x_12 |   2.032435   .2002647    10.15   0.000     1.639923    2.424947
       _x_13 |   2.429149   .1923524    12.63   0.000     2.052146    2.806153
       _x_14 |   .6022977   .1793252     3.36   0.001     .2508268    .9537686
       _x_18 |   1.145747    .153025     7.49   0.000     .8458232     1.44567
       _x_19 |   1.141598     .15197     7.51   0.000     .8437421    1.439454
       _x_20 |   1.220676   .1584409     7.70   0.000     .9101378    1.531215
       _x_22 |   1.945627   .1965349     9.90   0.000     1.560426    2.330828
       _x_24 |   1.342937   .1469816     9.14   0.000     1.054858    1.631016
       _x_25 |   1.874307   .1662766    11.27   0.000     1.548411    2.200204
       _x_26 |   .7694579   .1611556     4.77   0.000     .4535987    1.085317
       _x_28 |    .166529   .1499045     1.11   0.267    -.1272784    .4603364
       _x_29 |   .0988096   .1481087     0.67   0.505    -.1914782    .3890974
       _cons |  -2.130763   .4247557    -5.02   0.000    -2.963269   -1.298257
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):3532.931
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):           2.834
                                                   Chi-sq(5) P-val =    0.7256
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: igini_psi abs_red L3.idebt_pergdp _x_1 _x_2 _x_3 _x_5 _x_6
                      _x_7 _x_8 _x_9 _x_12 _x_13 _x_14 _x_18 _x_19 _x_20 _x_22
                      _x_24 _x_25 _x_26 _x_28 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_11 _x_16
------------------------------------------------------------------------------

. 
. 
. *Table 4: Model 3b*
. 
. ivreg2 tlabcap_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi s
> l_trade_fdi  sl_poptotal_fdi) igini_psi abs_red l3.idebt_pergdp pop65 l.unemp_wdi l.gdp_growth l.tra
> de_pergdp log_poptotal mquinn_cap lngdppc optlagleft optlagcdem  _x_*, bw(2) kernel(bartlett)
Warning - collinearities detected
Vars dropped:  _x_11 _x_16 _x_28

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      583
                                                      F( 32,   550) =    33.98
                                                      Prob > F      =   0.0000
Total (centered) SS     =  424.7567586                Centered R2   =   0.7640
Total (uncentered) SS   =  2061.561845                Uncentered R2 =   0.9514
Residual SS             =  100.2393075                Root MSE      =    .4147

------------------------------------------------------------------------------
tlabcap_d~23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |  -.0006467    .000315    -2.05   0.040    -.0012641   -.0000293
   igini_psi |   5.104846   1.152632     4.43   0.000     2.845728    7.363964
     abs_red |   -1.56509   .6958212    -2.25   0.024    -2.928875   -.2013057
idebt_pergdp |
         L3. |  -.0043866   .0030388    -1.44   0.149    -.0103426    .0015695
       pop65 |  -.1263381   .0318545    -3.97   0.000    -.1887717   -.0639044
   unemp_wdi |
         L1. |    .038933   .0110063     3.54   0.000      .017361    .0605049
  gdp_growth |
         L1. |  -.0436845   .0099524    -4.39   0.000    -.0631908   -.0241782
trade_pergdp |
         L1. |   .0055797   .0032149     1.74   0.083    -.0007214    .0118807
log_poptotal |   .4930842   .6042637     0.82   0.414    -.6912509    1.677419
  mquinn_cap |   .0726906   .1580451     0.46   0.646    -.2370721    .3824534
     lngdppc |   .1756385   .3691625     0.48   0.634    -.5479068    .8991837
  optlagleft |  -.0013053   .0007425    -1.76   0.079    -.0027606    .0001501
  optlagcdem |   .0007637   .0015575     0.49   0.624    -.0022889    .0038164
        _x_1 |   3.124328   .5251409     5.95   0.000     2.095071    4.153585
        _x_2 |   .7580179   .5598014     1.35   0.176    -.3391727    1.855208
        _x_3 |  -.2704463   .3548717    -0.76   0.446     -.965982    .4250894
        _x_5 |   2.393123   .7428254     3.22   0.001     .9372121    3.849034
        _x_6 |   3.331651    .744321     4.48   0.000     1.872808    4.790493
        _x_7 |   .3235477   .7602871     0.43   0.670    -1.166588    1.813683
        _x_8 |   .6657195   .9766548     0.68   0.495    -1.248489    2.579928
        _x_9 |   2.432161   .4607687     5.28   0.000      1.52907    3.335251
       _x_12 |    2.11737   1.032818     2.05   0.040     .0930835    4.141657
       _x_13 |   1.928191    .793839     2.43   0.015     .3722948    3.484086
       _x_14 |  -.2944032   1.289318    -0.23   0.819     -2.82142    2.232614
       _x_18 |   .8882365   .3039006     2.92   0.003     .2926023    1.483871
       _x_19 |   1.779583   .9827366     1.81   0.070    -.1465458    3.705711
       _x_20 |   2.206275    .862556     2.56   0.011     .5156967    3.896854
       _x_22 |   2.369461   .5183231     4.57   0.000     1.353566    3.385355
       _x_24 |   .8916955   .5614934     1.59   0.112    -.2088114    1.992202
       _x_25 |   2.713734   .4729765     5.74   0.000     1.786717    3.640751
       _x_26 |   1.308529   .6039366     2.17   0.030     .1248355    2.492223
       _x_29 |  -1.213573   1.685146    -0.72   0.471    -4.516399    2.089252
       _cons |  -10.23739   10.48288    -0.98   0.329    -30.78346    10.30869
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):3631.731
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):           2.690
                                                   Chi-sq(5) P-val =    0.7476
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: igini_psi abs_red L3.idebt_pergdp pop65 L.unemp_wdi
                      L.gdp_growth L.trade_pergdp log_poptotal mquinn_cap
                      lngdppc optlagleft optlagcdem _x_1 _x_2 _x_3 _x_5 _x_6
                      _x_7 _x_8 _x_9 _x_12 _x_13 _x_14 _x_18 _x_19 _x_20 _x_22
                      _x_24 _x_25 _x_26 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_11 _x_16 _x_28
------------------------------------------------------------------------------

. 
. 
. 
. 
. *Robustness*
. 
. *ISSP*
. 
. *Table 6*
. 
. *Table 6: Model 4*
. 
. ivreg2 tcap_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi sl_t
> rade_fdi  sl_poptotal_fdi)  m_red_incinequ sd_red_incinequ l3.idebt_pergdp pop65 l.unemp_wdi l.gdp_g
> rowth l.trade_pergdp log_poptotal mquinn_cap lngdppc optlagleft optlagcdem  _x_*, bw(2) kernel(bartl
> ett)
Warning - collinearities detected
Vars dropped:  _x_2 _x_5 _x_6 _x_9 _x_11 _x_16 _x_28

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      481
                                                      F( 28,   452) =    29.60
                                                      Prob > F      =   0.0000
Total (centered) SS     =  55350.84325                Centered R2   =   0.7608
Total (uncentered) SS   =  407080.6503                Uncentered R2 =   0.9675
Residual SS             =  13242.64957                Root MSE      =    5.247

------------------------------------------------------------------------------
 tcap_dhvt23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |   .0177532   .0048992     3.62   0.000     .0081509    .0273554
m_red_inci~u |  -18.62815   4.534982    -4.11   0.000    -27.51655   -9.739747
sd_red_inc~u |  -1.236683   3.810866    -0.32   0.746    -8.705842    6.232477
idebt_pergdp |
         L3. |   .1292278   .0491851     2.63   0.009     .0328268    .2256288
       pop65 |   .7965506   .4609003     1.73   0.084    -.1067975    1.699899
   unemp_wdi |
         L1. |  -.7410646   .1675674    -4.42   0.000    -1.069491   -.4126387
  gdp_growth |
         L1. |   .1209873   .1465397     0.83   0.409    -.1662252    .4081998
trade_pergdp |
         L1. |   .0379783   .0498787     0.76   0.446    -.0597823    .1357388
log_poptotal |  -28.05239   8.249116    -3.40   0.001    -44.22036   -11.88442
  mquinn_cap |   1.280011   2.491531     0.51   0.607      -3.6033    6.163321
     lngdppc |  -2.790631   5.345664    -0.52   0.602    -13.26794    7.686677
  optlagleft |    .020852    .011157     1.87   0.062    -.0010153    .0427194
  optlagcdem |  -.0246574   .0210604    -1.17   0.242    -.0659349    .0166202
        _x_1 |  -68.05256   8.091549    -8.41   0.000    -83.91171   -52.19342
        _x_3 |   15.67564    4.86742     3.22   0.001     6.135675    25.21561
        _x_7 |   10.96795   11.11623     0.99   0.324    -10.81947    32.75537
        _x_8 |   22.49019   13.64077     1.65   0.099    -4.245226     49.2256
       _x_12 |  -88.53978   14.93053    -5.93   0.000    -117.8031   -59.27648
       _x_13 |  -8.985602   11.41495    -0.79   0.431     -31.3585    13.38729
       _x_14 |   45.55022   18.03586     2.53   0.012     10.20058    80.89986
       _x_18 |  -30.75179   4.922803    -6.25   0.000    -40.40031   -21.10328
       _x_19 |  -66.53609   13.77459    -4.83   0.000     -93.5338   -39.53838
       _x_20 |   -62.0434   11.75385    -5.28   0.000    -85.08053   -39.00627
       _x_22 |  -68.71712   9.777964    -7.03   0.000    -87.88157   -49.55266
       _x_24 |  -8.496217   8.381177    -1.01   0.311    -24.92302    7.930588
       _x_25 |  -46.55705   6.592993    -7.06   0.000    -59.47908   -33.63502
       _x_26 |  -47.36555   8.090832    -5.85   0.000    -63.22329   -31.50781
       _x_29 |   83.27058   23.51421     3.54   0.000     37.18357    129.3576
       _cons |   574.3135   149.3147     3.85   0.000     281.6622    866.9648
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):2967.715
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):           6.663
                                                   Chi-sq(5) P-val =    0.2469
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: m_red_incinequ sd_red_incinequ L3.idebt_pergdp pop65
                      L.unemp_wdi L.gdp_growth L.trade_pergdp log_poptotal
                      mquinn_cap lngdppc optlagleft optlagcdem _x_1 _x_3 _x_7
                      _x_8 _x_12 _x_13 _x_14 _x_18 _x_19 _x_20 _x_22 _x_24 _x_25
                      _x_26 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_2 _x_5 _x_6 _x_9 _x_11 _x_16 _x_28
------------------------------------------------------------------------------

. 
. 
. *Table 6: Model 5*
. 
. ivreg2 tlab_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi sl_t
> rade_fdi  sl_poptotal_fdi)  m_red_incinequ sd_red_incinequ l3.idebt_pergdp pop65 l.unemp_wdi l.gdp_g
> rowth l.trade_pergdp log_poptotal mquinn_cap lngdppc optlagleft optlagcdem  _x_*, bw(2) kernel(bartl
> ett)
Warning - collinearities detected
Vars dropped:  _x_2 _x_5 _x_6 _x_9 _x_11 _x_16 _x_28

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      480
                                                      F( 28,   451) =    60.30
                                                      Prob > F      =   0.0000
Total (centered) SS     =  47367.19672                Centered R2   =   0.8667
Total (uncentered) SS   =   650802.623                Uncentered R2 =   0.9903
Residual SS             =  6311.687028                Root MSE      =    3.626

------------------------------------------------------------------------------
 tlab_dhvt23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |   -.000708   .0033897    -0.21   0.835    -.0073516    .0059357
m_red_inci~u |   -2.16409   3.137892    -0.69   0.490    -8.314246    3.986066
sd_red_inc~u |  -3.136166   2.636532    -1.19   0.234    -8.303674    2.031342
idebt_pergdp |
         L3. |   .1272018   .0341283     3.73   0.000     .0603116    .1940921
       pop65 |   .3641854   .3209163     1.13   0.256     -.264799    .9931698
   unemp_wdi |
         L1. |   .4057678   .1159368     3.50   0.000     .1785359    .6329998
  gdp_growth |
         L1. |  -.3687535   .1013568    -3.64   0.000    -.5674091   -.1700978
trade_pergdp |
         L1. |   .0247888   .0345295     0.72   0.473    -.0428879    .0924654
log_poptotal |  -13.40784   5.708027    -2.35   0.019    -24.59537   -2.220313
  mquinn_cap |  -3.162006    1.72472    -1.83   0.067    -6.542395    .2183828
     lngdppc |   17.71633   3.703243     4.78   0.000     10.45811    24.97455
  optlagleft |   .0026172   .0077214     0.34   0.735    -.0125166    .0177509
  optlagcdem |   .0178131   .0145758     1.22   0.222     -.010755    .0463812
        _x_1 |  -5.270218   5.598799    -0.94   0.347    -16.24366    5.703227
        _x_3 |    4.83041   3.368653     1.43   0.152    -1.772029    11.43285
        _x_7 |   23.02572   7.693557     2.99   0.003     7.946625    38.10481
        _x_8 |   27.24557   9.441728     2.89   0.004     8.740127    45.75102
       _x_12 |  -27.39731   10.33716    -2.65   0.008    -47.65776   -7.136858
       _x_13 |   18.29951   7.898455     2.32   0.021     2.818828     33.7802
       _x_14 |    11.1687   12.48039     0.89   0.371    -13.29241    35.62982
       _x_18 |   3.726068   3.406694     1.09   0.274    -2.950929    10.40307
       _x_19 |  -8.337982   9.533093    -0.87   0.382     -27.0225    10.34654
       _x_20 |  -16.17397   8.134442    -1.99   0.047    -32.11718   -.2307559
       _x_22 |  -8.361104   6.775199    -1.23   0.217    -21.64025    4.918042
       _x_24 |   14.75886   5.799509     2.54   0.011     3.392036    26.12569
       _x_25 |   5.641585   4.563418     1.24   0.216    -3.302551    14.58572
       _x_26 |  -25.36205   5.600533    -4.53   0.000    -36.33889   -14.38521
       _x_29 |   25.30834   16.27094     1.56   0.120    -6.582117    57.19881
       _cons |   90.38978   103.3438     0.87   0.382    -112.1604      292.94
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):2962.133
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):          24.746
                                                   Chi-sq(5) P-val =    0.0002
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: m_red_incinequ sd_red_incinequ L3.idebt_pergdp pop65
                      L.unemp_wdi L.gdp_growth L.trade_pergdp log_poptotal
                      mquinn_cap lngdppc optlagleft optlagcdem _x_1 _x_3 _x_7
                      _x_8 _x_12 _x_13 _x_14 _x_18 _x_19 _x_20 _x_22 _x_24 _x_25
                      _x_26 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_2 _x_5 _x_6 _x_9 _x_11 _x_16 _x_28
------------------------------------------------------------------------------

. 
. 
. *Table 6: Model 6*
. 
. ivreg2 tlabcap_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi s
> l_trade_fdi  sl_poptotal_fdi)  m_red_incinequ sd_red_incinequ l3.idebt_pergdp pop65 l.unemp_wdi l.gd
> p_growth l.trade_pergdp log_poptotal mquinn_cap lngdppc optlagleft optlagcdem  _x_*, bw(2) kernel(ba
> rtlett)
Warning - collinearities detected
Vars dropped:  _x_2 _x_5 _x_6 _x_9 _x_11 _x_16 _x_28

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      468
                                                      F( 28,   439) =    30.90
                                                      Prob > F      =   0.0000
Total (centered) SS     =  318.2332674                Centered R2   =   0.7644
Total (uncentered) SS   =  1494.641005                Uncentered R2 =   0.9498
Residual SS             =  74.96317758                Root MSE      =    .4002

------------------------------------------------------------------------------
tlabcap_d~23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |  -.0009412   .0003716    -2.53   0.011    -.0016695   -.0002129
m_red_inci~u |   1.376163   .3395267     4.05   0.000     .7107034    2.041623
sd_red_inc~u |   .0086244   .2868813     0.03   0.976    -.5536525    .5709013
idebt_pergdp |
         L3. |  -.0051406   .0037112    -1.39   0.166    -.0124144    .0021331
       pop65 |  -.1175033   .0352124    -3.34   0.001    -.1865183   -.0484882
   unemp_wdi |
         L1. |   .0712478   .0126041     5.65   0.000     .0465443    .0959513
  gdp_growth |
         L1. |  -.0353107   .0112092    -3.15   0.002    -.0572804   -.0133411
trade_pergdp |
         L1. |    .001039   .0037393     0.28   0.781      -.00629     .008368
log_poptotal |   1.234354   .6212305     1.99   0.047     .0167648    2.451944
  mquinn_cap |   .0349558   .1908501     0.18   0.855    -.3391035    .4090151
     lngdppc |   .2479687   .4097237     0.61   0.545    -.5550749    1.051012
  optlagleft |  -.0009595   .0008491    -1.13   0.258    -.0026237    .0007046
  optlagcdem |   .0021351   .0016004     1.33   0.182    -.0010017    .0052719
        _x_1 |    4.80753   .6112854     7.86   0.000     3.609433    6.005628
        _x_3 |  -.4555506   .3670281    -1.24   0.215    -1.174913    .2638113
        _x_7 |   .4796185   .8377295     0.57   0.567    -1.162301    2.121538
        _x_8 |   .0405673   1.030821     0.04   0.969    -1.979804    2.060939
       _x_12 |   4.470665   1.121943     3.98   0.000     2.271696    6.669634
       _x_13 |   2.014865   .8639988     2.33   0.020     .3214585    3.708271
       _x_14 |  -1.657987   1.358377    -1.22   0.222    -4.320357    1.004383
       _x_18 |   1.963428    .370267     5.30   0.000     1.237718    2.689138
       _x_19 |   3.359616    1.03604     3.24   0.001     1.329015    5.390216
       _x_20 |   3.749024   .8911609     4.21   0.000      2.00238    5.495667
       _x_22 |   4.832642   .7402216     6.53   0.000     3.381834    6.283449
       _x_24 |   1.142128   .6320168     1.81   0.071    -.0966019    2.380859
       _x_25 |   3.678567   .5029506     7.31   0.000     2.692802    4.664332
       _x_26 |   2.231063   .6158289     3.62   0.000     1.024061    3.438066
       _x_29 |  -3.621988   1.769858    -2.05   0.041    -7.090845   -.1531301
       _cons |  -25.41932    11.2277    -2.26   0.024    -47.42521    -3.41344
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):2899.168
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):           2.564
                                                   Chi-sq(5) P-val =    0.7668
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: m_red_incinequ sd_red_incinequ L3.idebt_pergdp pop65
                      L.unemp_wdi L.gdp_growth L.trade_pergdp log_poptotal
                      mquinn_cap lngdppc optlagleft optlagcdem _x_1 _x_3 _x_7
                      _x_8 _x_12 _x_13 _x_14 _x_18 _x_19 _x_20 _x_22 _x_24 _x_25
                      _x_26 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_2 _x_5 _x_6 _x_9 _x_11 _x_16 _x_28
------------------------------------------------------------------------------

. 
. 
. *corporate tax revenue*
. *Table 7: Model 7*
. 
. ivreg2  taxrev_corp_pertotal (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govco
> n_fdi sl_trade_fdi  sl_poptotal_fdi) igini_psi abs_red l3.idebt_pergdp pop65 l.unemp_wdi l.gdp_growt
> h l.trade_pergdp log_poptotal mquinn_cap lngdppc optlagleft optlagcdem  _x_*, bw(2) kernel(bartlett)
Warning - collinearities detected
Vars dropped:  _x_11 _x_16 _x_28

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      590
                                                      F( 32,   557) =    43.27
                                                      Prob > F      =   0.0000
Total (centered) SS     =  .9928805676                Centered R2   =   0.8051
Total (uncentered) SS   =   4.56772866                Uncentered R2 =   0.9576
Residual SS             =    .19355424                Root MSE      =   .01811

------------------------------------------------------------------------------
taxrev_cor~l |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |   .0000565   .0000138     4.10   0.000     .0000295    .0000835
   igini_psi |  -.1702293   .0501189    -3.40   0.001    -.2684606    -.071998
     abs_red |   .0420288   .0302598     1.39   0.165    -.0172794    .1013369
idebt_pergdp |
         L3. |   .0002766   .0001295     2.14   0.033     .0000227    .0005305
       pop65 |  -.0067473   .0013907    -4.85   0.000     -.009473   -.0040216
   unemp_wdi |
         L1. |  -.0000197   .0004716    -0.04   0.967     -.000944    .0009046
  gdp_growth |
         L1. |   .0018938   .0004361     4.34   0.000     .0010392    .0027485
trade_pergdp |
         L1. |   .0003234   .0001418     2.28   0.023     .0000456    .0006013
log_poptotal |  -.0244265   .0266388    -0.92   0.359    -.0766375    .0277845
  mquinn_cap |   .0007009   .0067887     0.10   0.918    -.0126047    .0140065
     lngdppc |   .0386447   .0159186     2.43   0.015     .0074447    .0698446
  optlagleft |   -.000039   .0000322    -1.21   0.226    -.0001022    .0000242
  optlagcdem |  -.0001248    .000068    -1.84   0.066     -.000258    8.42e-06
        _x_1 |   -.108905   .0231414    -4.71   0.000    -.1542613   -.0635487
        _x_2 |  -.1027006   .0244598    -4.20   0.000    -.1506409   -.0547603
        _x_3 |  -.0511388   .0156427    -3.27   0.001    -.0817979   -.0204797
        _x_5 |  -.1278669   .0326256    -3.92   0.000    -.1918119   -.0639219
        _x_6 |  -.1119639   .0327696    -3.42   0.001    -.1761912   -.0477366
        _x_7 |  -.0319671   .0335053    -0.95   0.340    -.0976363    .0337022
        _x_8 |  -.0228782   .0428735    -0.53   0.594    -.1069088    .0611524
        _x_9 |  -.0676197   .0202083    -3.35   0.001    -.1072271   -.0280123
       _x_12 |  -.1466572   .0452887    -3.24   0.001    -.2354214    -.057893
       _x_13 |   -.004107   .0349433    -0.12   0.906    -.0725946    .0643806
       _x_14 |   .0739908   .0566343     1.31   0.191    -.0370103    .1849919
       _x_18 |  -.0778197   .0133075    -5.85   0.000    -.1039019   -.0517375
       _x_19 |  -.0753582   .0432639    -1.74   0.082     -.160154    .0094376
       _x_20 |  -.0561132   .0380231    -1.48   0.140     -.130637    .0184107
       _x_22 |  -.0354253   .0226649    -1.56   0.118    -.0798477    .0089972
       _x_24 |  -.0135916   .0247774    -0.55   0.583    -.0621543    .0349712
       _x_25 |  -.0965579   .0207772    -4.65   0.000    -.1372804   -.0558353
       _x_26 |  -.0940416   .0266239    -3.53   0.000    -.1462234   -.0418598
       _x_29 |   .0131898   .0741812     0.18   0.859    -.1322027    .1585823
       _cons |   .2809088   .4610056     0.61   0.542    -.6226456    1.184463
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):3662.840
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):          22.204
                                                   Chi-sq(5) P-val =    0.0005
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: igini_psi abs_red L3.idebt_pergdp pop65 L.unemp_wdi
                      L.gdp_growth L.trade_pergdp log_poptotal mquinn_cap
                      lngdppc optlagleft optlagcdem _x_1 _x_2 _x_3 _x_5 _x_6
                      _x_7 _x_8 _x_9 _x_12 _x_13 _x_14 _x_18 _x_19 _x_20 _x_22
                      _x_24 _x_25 _x_26 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_11 _x_16 _x_28
------------------------------------------------------------------------------

. 
. 
. *SEM correlated errors*
. *Table 7: Model 8*
. 
. ivreg2 tcap_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi sl_t
> rade_fdi  sl_poptotal_fdi) igini_psi abs_red l3.idebt_pergdp pop65 l.unemp_wdi l.gdp_growth l.trade_
> pergdp log_poptotal mquinn_cap lngdppc optlagleft optlagcdem e_lab e_labcap  _x_*, bw(2) kernel(bart
> lett)
Warning - collinearities detected
Vars dropped:  _x_11 _x_16 _x_28

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      597
                                                      F( 34,   562) =    83.64
                                                      Prob > F      =   0.0000
Total (centered) SS     =  74226.85578                Centered R2   =   0.8931
Total (uncentered) SS   =  505672.4045                Uncentered R2 =   0.9843
Residual SS             =  7934.400043                Root MSE      =    3.646

------------------------------------------------------------------------------
 tcap_dhvt23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |   .0156527   .0027761     5.64   0.000     .0102116    .0210938
   igini_psi |  -63.92725   10.03771    -6.37   0.000     -83.6008   -44.25369
     abs_red |   21.56742   6.082161     3.55   0.000     9.646602    33.48824
idebt_pergdp |
         L3. |   .0461006   .0260676     1.77   0.077    -.0049909    .0971921
       pop65 |   1.291061   .2754733     4.69   0.000     .7511434    1.830979
   unemp_wdi |
         L1. |   .0346958   .0949201     0.37   0.715    -.1513443    .2207358
  gdp_growth |
         L1. |   .3135253   .0867285     3.62   0.000     .1435406      .48351
trade_pergdp |
         L1. |  -.0228149   .0281802    -0.81   0.418     -.078047    .0324171
log_poptotal |  -16.29863   5.289064    -3.08   0.002    -26.66501   -5.932258
  mquinn_cap |   .8701475   1.365358     0.64   0.524    -1.805906    3.546201
     lngdppc |  -2.799219   3.173972    -0.88   0.378    -9.020091    3.421652
  optlagleft |   .0207313   .0064578     3.21   0.001     .0080743    .0333883
  optlagcdem |  -.0264253   .0135602    -1.95   0.051    -.0530027    .0001521
       e_lab |   .5229636   .0540881     9.67   0.000     .4169529    .6289744
    e_labcap |  -7.094178   .3246966   -21.85   0.000    -7.730572   -6.457784
        _x_1 |  -40.38209   4.584395    -8.81   0.000    -49.36734   -31.39684
        _x_2 |     -6.552   4.896193    -1.34   0.181    -16.14836    3.044361
        _x_3 |   14.07241   3.099303     4.54   0.000     7.997884    20.14693
        _x_5 |  -38.05414   6.466103    -5.89   0.000    -50.72747   -25.38081
        _x_6 |  -43.82444   6.505733    -6.74   0.000    -56.57544   -31.07344
        _x_7 |   10.39499   6.677352     1.56   0.120    -2.692384    23.48236
        _x_8 |   12.71057   8.554277     1.49   0.137    -4.055504    29.47665
        _x_9 |  -31.83321   4.051403    -7.86   0.000    -39.77382   -23.89261
       _x_12 |  -50.87062   9.064714    -5.61   0.000    -68.63713   -33.10411
       _x_13 |  -7.353689   6.947886    -1.06   0.290     -20.9713    6.263917
       _x_14 |   28.09644   11.29107     2.49   0.013     5.966344    50.22653
       _x_18 |  -12.99885   2.663456    -4.88   0.000    -18.21913    -7.77857
       _x_19 |  -40.20309   8.622782    -4.66   0.000    -57.10343   -23.30275
       _x_20 |  -37.33239   7.502798    -4.98   0.000     -52.0376   -22.62717
       _x_22 |  -32.49135   4.450432    -7.30   0.000    -41.21404   -23.76866
       _x_24 |  -8.879067   4.912693    -1.81   0.071    -18.50777    .7496337
       _x_25 |  -30.03672   4.099824    -7.33   0.000    -38.07223   -22.00121
       _x_26 |  -30.87704   5.241818    -5.89   0.000    -41.15082   -20.60327
       _x_29 |   48.34675   14.76238     3.27   0.001     19.41302    77.28048
       _cons |   339.6161    92.0392     3.69   0.000     159.2226    520.0097
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):3713.554
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):          22.653
                                                   Chi-sq(5) P-val =    0.0004
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: igini_psi abs_red L3.idebt_pergdp pop65 L.unemp_wdi
                      L.gdp_growth L.trade_pergdp log_poptotal mquinn_cap
                      lngdppc optlagleft optlagcdem e_lab e_labcap _x_1 _x_2
                      _x_3 _x_5 _x_6 _x_7 _x_8 _x_9 _x_12 _x_13 _x_14 _x_18
                      _x_19 _x_20 _x_22 _x_24 _x_25 _x_26 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_11 _x_16 _x_28
------------------------------------------------------------------------------

. 
. 
. *Table 7: Model 9*
. 
. ivreg2 tlab_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi sl_t
> rade_fdi  sl_poptotal_fdi) igini_psi abs_red l3.idebt_pergdp pop65 l.unemp_wdi l.gdp_growth l.trade_
> pergdp log_poptotal mquinn_cap lngdppc optlagleft optlagcdem e_cap  e_labcap _x_*, bw(2) kernel(bart
> lett)
Warning - collinearities detected
Vars dropped:  _x_11 _x_16 _x_28

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      597
                                                      F( 34,   562) =    90.28
                                                      Prob > F      =   0.0000
Total (centered) SS     =  58964.46647                Centered R2   =   0.9037
Total (uncentered) SS   =  887200.2692                Uncentered R2 =   0.9936
Residual SS             =    5675.3651                Root MSE      =    3.083

------------------------------------------------------------------------------
 tlab_dhvt23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |  -.0030851   .0023755    -1.30   0.194    -.0077411    .0015709
   igini_psi |   17.18044   8.549068     2.01   0.044     .4245768    33.93631
     abs_red |   -1.64399   5.162044    -0.32   0.750    -11.76141    8.473431
idebt_pergdp |
         L3. |   .0827846   .0223857     3.70   0.000     .0389095    .1266597
       pop65 |   .4143522   .2366137     1.75   0.080    -.0494022    .8781066
   unemp_wdi |
         L1. |   .3938097   .0817626     4.82   0.000      .233558    .5540614
  gdp_growth |
         L1. |  -.2348454   .0737576    -3.18   0.001    -.3794076   -.0902833
trade_pergdp |
         L1. |   .0140634   .0242046     0.58   0.561    -.0333767    .0615035
log_poptotal |  -18.48669   4.544375    -4.07   0.000     -27.3935   -9.579876
  mquinn_cap |   .0225998   1.173079     0.02   0.985    -2.276592    2.321792
     lngdppc |   12.68246   2.724105     4.66   0.000      7.34331    18.02161
  optlagleft |   .0039486   .0055496     0.71   0.477    -.0069284    .0148256
  optlagcdem |   .0179655   .0116934     1.54   0.124    -.0049532    .0408842
       e_cap |   .3740171   .0387104     9.66   0.000     .2981462    .4498881
    e_labcap |    3.02948   .3781417     8.01   0.000     2.288335    3.770624
        _x_1 |  -3.761926   3.939109    -0.96   0.340    -11.48244    3.958585
        _x_2 |  -3.969531   4.203318    -0.94   0.345    -12.20788     4.26882
        _x_3 |   10.46861    2.66244     3.93   0.000      5.25032    15.68689
        _x_5 |  -12.12332   5.555333    -2.18   0.029    -23.01157   -1.235066
        _x_6 |  -6.974632   5.589969    -1.25   0.212    -17.93077    3.981506
        _x_7 |    32.0709   5.737737     5.59   0.000     20.82515    43.31666
        _x_8 |   36.89306   7.352164     5.02   0.000     22.48308    51.30303
        _x_9 |   2.566801   3.479537     0.74   0.461    -4.252967    9.386569
       _x_12 |  -30.14933   7.787156    -3.87   0.000    -45.41188   -14.88679
       _x_13 |   30.52324   5.970247     5.11   0.000     18.82177     42.2247
       _x_14 |   26.76249   9.700787     2.76   0.006     7.749296    45.77568
       _x_18 |   7.561255   2.286453     3.31   0.001      3.07989    12.04262
       _x_19 |  -15.48519   7.408034    -2.09   0.037    -30.00467   -.9657086
       _x_20 |  -17.86624   6.447211    -2.77   0.006    -30.50254   -5.229938
       _x_22 |  -9.457116   3.821515    -2.47   0.013    -16.94715   -1.967083
       _x_24 |   20.90796   4.220867     4.95   0.000     12.63522    29.18071
       _x_25 |   6.943735   3.522826     1.97   0.049     .0391234    13.84835
       _x_26 |  -25.11288   4.504546    -5.58   0.000    -33.94163   -16.28413
       _x_29 |   42.21035   12.68423     3.33   0.001     17.34971      67.071
       _cons |   195.3476   79.06448     2.47   0.013     40.38407    350.3111
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):3707.963
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):          33.751
                                                   Chi-sq(5) P-val =    0.0000
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: igini_psi abs_red L3.idebt_pergdp pop65 L.unemp_wdi
                      L.gdp_growth L.trade_pergdp log_poptotal mquinn_cap
                      lngdppc optlagleft optlagcdem e_cap e_labcap _x_1 _x_2
                      _x_3 _x_5 _x_6 _x_7 _x_8 _x_9 _x_12 _x_13 _x_14 _x_18
                      _x_19 _x_20 _x_22 _x_24 _x_25 _x_26 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_11 _x_16 _x_28
------------------------------------------------------------------------------

. 
. 
. *Table 7: Model 10*
. 
. ivreg2 tlabcap_dhvt23 (sl_tcap23_fdi =  sl_quinnall_fdi sl_ginipsi_fdi  sl_gdppc_fdi sl_govcon_fdi s
> l_trade_fdi  sl_poptotal_fdi) igini_psi abs_red l3.idebt_pergdp pop65 l.unemp_wdi l.gdp_growth l.tra
> de_pergdp log_poptotal mquinn_cap lngdppc optlagleft optlagcdem e_lab e_cap  _x_*, bw(2) kernel(bart
> lett)
Warning - collinearities detected
Vars dropped:  _x_11 _x_16 _x_28

Instrumental variables (2SLS) regression
----------------------------------------
Autocorrelation-consistent statistics
  kernel=Bartlett; bandwidth=2
  time variable (t):  year
  group variable (i): id

                                                      Number of obs =      583
                                                      F( 34,   548) =    89.04
                                                      Prob > F      =   0.0000
Total (centered) SS     =  424.7567586                Centered R2   =   0.9028
Total (uncentered) SS   =  2061.561845                Uncentered R2 =   0.9800
Residual SS             =  41.27447551                Root MSE      =    .2661

------------------------------------------------------------------------------
tlabcap_d~23 |      Coef.   Std. Err.      z    P>|z|     [95% Conf. Interval]
-------------+----------------------------------------------------------------
sl_tcap23_~i |  -.0005829    .000204    -2.86   0.004    -.0009827   -.0001832
   igini_psi |   5.191616   .7444175     6.97   0.000     3.732585    6.650648
     abs_red |  -1.374695   .4478086    -3.07   0.002    -2.252384   -.4970062
idebt_pergdp |
         L3. |    -.00385   .0019701    -1.95   0.051    -.0077112    .0000113
       pop65 |  -.1466284   .0207247    -7.08   0.000    -.1872481   -.1060088
   unemp_wdi |
         L1. |   .0429279   .0071627     5.99   0.000     .0288893    .0569665
  gdp_growth |
         L1. |  -.0440853   .0064524    -6.83   0.000    -.0567317   -.0314389
trade_pergdp |
         L1. |   .0071551   .0020815     3.44   0.001     .0030754    .0112347
log_poptotal |   .4888848   .3931859     1.24   0.214    -.2817455    1.259515
  mquinn_cap |    .100879   .1031282     0.98   0.328    -.1012487    .3030066
     lngdppc |   .1006288   .2409233     0.42   0.676    -.3715721    .5728298
  optlagleft |  -.0015485    .000482    -3.21   0.001    -.0024932   -.0006038
  optlagcdem |  -.0004032   .0010128    -0.40   0.691    -.0023882    .0015818
       e_lab |   .0213877   .0050828     4.21   0.000     .0114256    .0313497
       e_cap |  -.0620726    .002686   -23.11   0.000     -.067337   -.0568082
        _x_1 |   3.193526   .3418772     9.34   0.000     2.523459    3.863593
        _x_2 |   .6786731   .3636628     1.87   0.062     -.034093    1.391439
        _x_3 |  -.3245233   .2304532    -1.41   0.159    -.7762033    .1271566
        _x_5 |   2.417914   .4848689     4.99   0.000     1.467589     3.36824
        _x_6 |   3.344951   .4846284     6.90   0.000     2.395097    4.294805
        _x_7 |   .3759661    .494095     0.76   0.447    -.5924424    1.344375
        _x_8 |   .8847149    .634984     1.39   0.164     -.359831    2.129261
        _x_9 |   2.387066   .2987497     7.99   0.000     1.801528    2.972605
       _x_12 |   1.895975   .6712799     2.82   0.005     .5802906    3.211659
       _x_13 |   1.957449   .5155118     3.80   0.000     .9470643    2.967833
       _x_14 |  -.1971045   .8372939    -0.24   0.814     -1.83817    1.443961
       _x_18 |   .8274714   .1971417     4.20   0.000     .4410808    1.213862
       _x_19 |   1.704729    .638693     2.67   0.008     .4529133    2.956544
       _x_20 |   2.297504   .5626324     4.08   0.000     1.194765    3.400243
       _x_22 |   2.210341   .3359576     6.58   0.000     1.551877    2.868806
       _x_24 |   .8903999   .3653643     2.44   0.015      .174299    1.606501
       _x_25 |   2.797677   .3088326     9.06   0.000     2.192376    3.402978
       _x_26 |   1.418447   .3946125     3.59   0.000     .6450212    2.191874
       _x_29 |  -1.135992   1.095079    -1.04   0.300    -3.282307    1.010323
       _cons |  -9.455883   6.803829    -1.39   0.165    -22.79114    3.879376
------------------------------------------------------------------------------
Anderson canon. corr. LR statistic (identification/IV relevance test):3637.080
                                                   Chi-sq(6) P-val =    0.0000
------------------------------------------------------------------------------
Sargan statistic (overidentification test of all instruments):           9.640
                                                   Chi-sq(5) P-val =    0.0861
------------------------------------------------------------------------------
Instrumented:         sl_tcap23_fdi
Included instruments: igini_psi abs_red L3.idebt_pergdp pop65 L.unemp_wdi
                      L.gdp_growth L.trade_pergdp log_poptotal mquinn_cap
                      lngdppc optlagleft optlagcdem e_lab e_cap _x_1 _x_2 _x_3
                      _x_5 _x_6 _x_7 _x_8 _x_9 _x_12 _x_13 _x_14 _x_18 _x_19
                      _x_20 _x_22 _x_24 _x_25 _x_26 _x_29
Excluded instruments: sl_quinnall_fdi sl_ginipsi_fdi sl_gdppc_fdi sl_govcon_fdi
                      sl_trade_fdi sl_poptotal_fdi
Dropped collinear:    _x_11 _x_16 _x_28
------------------------------------------------------------------------------

. 
. 
. 
. log close
       log:  C:\Vera\TP\Tax_evol\ISQ\replication_Pluemperetal_ISQ.log
  log type:  text
 closed on:  25 Jul 2008, 16:40:21
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